As governments put their COVID-19 recovery strategies into action, they must ensure that public funds go to support the energy transition, rather than perpetuate past reliance on fossil fuels.
This brief reviews how the Government of Indonesia (GoI) has spent its COVID-19 recovery budget and provides recommendations on its future expenditure.
This session at Adaptation Futures 2020 will highlight developing countries’ recent experiences in preparing strategies for mobilizing financial resources for adaptation.
The fossil fuel industry’s grip on politicians blocked meaningful policies that could have protected our climate future and prevented these oil disasters.
Time is running out. Nearly every government in the world has signed up to the 2015 Paris Agreement aimed at mitigating the impacts of climate change and keeping the global temperature rise below 1.5°C above pre-industrial levels. Yet the world is already experiencing 1.2°C of warming on average, with Arctic nations such as Russia and Canada warming at two to three times the rate of other countries around the world.
An oil and gas discovery used to be a dream for developing countries, bringing immense foreign investment and the chance of a miraculous route out of poverty. After 13.1 million tonnes of gas were discovered off the coast of Mozambique in 2010, French energy giant Total announced an investment in the country worth $20bn – nearly twice the size of the country’s economy.